Declared Dividend • Aug 10
Second quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 3rd September 2026 Payment date: 24th September 2026 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: US$0.78 (vs US$0.032 in 2Q 2025) Second quarter 2026 results: EPS: US$0.78 (up from US$0.032 in 2Q 2025). Revenue: US$627.6m (up 16% from 2Q 2025). Net income: US$22.3m (up US$21.4m from 2Q 2025). Profit margin: 3.6% (up from 0.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Aug 07
Valhi Declares Quarterly Dividend, Payable on September 24, 2026 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on September 24, 2026 to stockholders of record at the close of business on September 3, 2026. Announcement • Jul 15
Valhi, Inc. to Report Q2, 2026 Results on Aug 06, 2026 Valhi, Inc. announced that they will report Q2, 2026 results After-Market on Aug 06, 2026 Announcement • Jun 23
Valhi, Inc. Announces Resignation of Mary A. Tidlund as Director, Effective June 30, 2026 Valhi, Inc. reported that Mary A. Tidlund notified the registrant of her decision to resign as a director of the registrant. Her resignation from the board of directors of the registrant will be effective on June 30, 2026 and did not result from any disagreement with the registrant. Declared Dividend • May 25
First quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 4th June 2026 Payment date: 25th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: US$0.07 (vs US$0.59 in 1Q 2025) First quarter 2026 results: EPS: US$0.07 (down from US$0.59 in 1Q 2025). Revenue: US$564.2m (up 4.8% from 1Q 2025). Net income: US$2.00m (down 88% from 1Q 2025). Profit margin: 0.4% (down from 3.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 15
Valhi, Inc. to Report Q1, 2026 Results on May 07, 2026 Valhi, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Announcement • Apr 02
Valhi, Inc., Annual General Meeting, May 21, 2026 Valhi, Inc., Annual General Meeting, May 21, 2026. Location: at three lincoln centre conference center, 5430 lbj freeway, suite 350, dallas, texas 75240-2620, United States New Risk • Mar 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Reported Earnings • Mar 11
Full year 2025 earnings released: US$2.02 loss per share (vs US$3.79 profit in FY 2024) Full year 2025 results: US$2.02 loss per share (down from US$3.79 profit in FY 2024). Revenue: US$2.14b (up 1.5% from FY 2024). Net loss: US$57.6m (down 153% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 09
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 16th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 45% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Announcement • Mar 06
Valhi, Inc. Declares Quarterly Dividend, Payable on March 31, 2026 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of 8 cents ($0.08) per share on its common stock, payable on March 31, 2026 to stockholders of record at the close of business on March 16, 2026. Announcement • Feb 11
Valhi, Inc. to Report Q4, 2025 Results on Mar 10, 2026 Valhi, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 10, 2026 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$13.89, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 25x in the Chemicals industry in the US. Total loss to shareholders of 40% over the past three years. Announcement • Dec 16
Valhi, Inc. Announces Executive Changes Valhi, Inc. announced that on December 9, 2025, Patty S. Brinda, vice president and controller of the registrant, provided notice to the registrant that, effective as of December 31, 2025, she will retire as an officer of the registrant and an employee of Contran Corporation (“Contran”), the privately-held parent corporation of the registrant. Following such retirement notice of Ms. Brinda, the registrant’s board of directors took action to elect Edward R. Moore as vice president and controller of the registrant, effective as of January 1, 2026. Upon effectiveness of such election, Mr. Moore will serve as the registrant’s principal accounting officer. Mr. Moore, age 37, has served since 2024 as director of reporting and control for the registrant, Contran and various companies related to the registrant and Contran. From 2011 to 2024, Mr. Moore was employed by PricewaterhouseCoopers LLP, the registrant’s independent registered public accounting firm, most recently as an assurance director. . Moore is an employee of Contran and provides services to the registrant under an intercorporate services agreement between the registrant and Contran. Declared Dividend • Nov 10
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 21st November 2025 Payment date: 18th December 2025 Dividend yield will be 2.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 45% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Nov 07
Third quarter 2025 earnings released: US$0.78 loss per share (vs US$2.02 profit in 3Q 2024) Third quarter 2025 results: US$0.78 loss per share (down from US$2.02 profit in 3Q 2024). Revenue: US$524.1m (down 1.8% from 3Q 2024). Net loss: US$22.2m (down 139% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Nov 07
Valhi, Inc. Declares Quarterly Dividend, Payable on December 18, 2025 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on December 18, 2025 to stockholders of record at the close of business on November 21, 2025. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$12.61, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 25x in the Chemicals industry in the US. Total loss to shareholders of 41% over the past three years. Announcement • Oct 15
Valhi, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Valhi, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025 Upcoming Dividend • Aug 29
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 9.3% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (1.9%). Declared Dividend • Aug 11
Second quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 5th September 2025 Payment date: 25th September 2025 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: US$0.032 (vs US$0.70 in 2Q 2024) Second quarter 2025 results: EPS: US$0.032 (down from US$0.70 in 2Q 2024). Revenue: US$540.4m (down 3.4% from 2Q 2024). Net income: US$900.0k (down 96% from 2Q 2024). Profit margin: 0.2% (down from 3.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Aug 08
Valhi, Inc. Declares Quarterly Dividend on Common Stock, Payable on September 25, 2025 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on September 25, 2025 to stockholders of record at the close of business on September 5, 2025. Announcement • Jul 16
Valhi, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Valhi, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Gina Norris was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 26
First quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 9th June 2025 Payment date: 26th June 2025 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 25
Valhi, Inc. Declares Regular Quarterly Dividend, Payable on June 26, 2025 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of $0.08 per share on its common stock, payable on June 26, 2025 to stockholders of record at the close of business on June 9, 2025. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$14.89, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 22x in the Chemicals industry in the US. Total loss to shareholders of 65% over the past three years. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: US$0.59 (vs US$0.27 in 1Q 2024) First quarter 2025 results: EPS: US$0.59 (up from US$0.27 in 1Q 2024). Revenue: US$538.6m (up 1.5% from 1Q 2024). Net income: US$16.9m (up 117% from 1Q 2024). Profit margin: 3.1% (up from 1.5% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
Valhi, Inc. to Report Q1, 2025 Results on May 08, 2025 Valhi, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Announcement • Apr 04
Valhi, Inc., Annual General Meeting, May 22, 2025 Valhi, Inc., Annual General Meeting, May 22, 2025. Location: three lincoln centre conference center, 5430 lbjfreeway, suite 350, texas 75240-2620, dallas, United States Declared Dividend • Mar 10
Fourth quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 17th March 2025 Payment date: 28th March 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (8% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 07
Full year 2024 earnings released: EPS: US$3.79 (vs US$0.35 loss in FY 2023) Full year 2024 results: EPS: US$3.79 (up from US$0.35 loss in FY 2023). Revenue: US$2.10b (up 9.5% from FY 2023). Net income: US$108.0m (up US$117.9m from FY 2023). Profit margin: 5.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Mar 07
Valhi, Inc. Declares Quarterly Dividend, Payable on March 28, 2025 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of $0.08 per share on its common stock, payable on March 28, 2025 to stockholders of record at the close of business on March 17, 2025. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$15.91, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 23x in the Chemicals industry in the US. Total loss to shareholders of 27% over the past three years. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 29 November 2024. Payment date: 19 December 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.9%). Declared Dividend • Nov 11
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 29th November 2024 Payment date: 19th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 7.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$2.02 (vs US$0.21 loss in 3Q 2023) Third quarter 2024 results: EPS: US$2.02 (up from US$0.21 loss in 3Q 2023). Revenue: US$558.8m (up 19% from 3Q 2023). Net income: US$57.5m (up US$63.5m from 3Q 2023). Profit margin: 10% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Nov 08
Valhi Declares Quarterly Dividend, Payable on December 19, 2024 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on December 19, 2024 to stockholders of record at the close of business on November 29, 2024. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$40.80, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 25x in the Chemicals industry in the US. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$34.14, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 26x in the Chemicals industry in the US. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 26 September 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$28.21, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 25x in the Chemicals industry in the US. Total returns to shareholders of 26% over the past three years. New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to US$21.85, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 25x in the Chemicals industry in the US. Negligible returns to shareholders over past three years. Declared Dividend • Aug 12
Second quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 6th September 2024 Payment date: 26th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 59% to shift the payout ratio to a potentially unsustainable range, which is more than the 33% EPS decline seen over the last 5 years. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.70 (vs US$0.18 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.70 (up from US$0.18 loss in 2Q 2023). Revenue: US$563.4m (up 11% from 2Q 2023). Net income: US$19.9m (up US$25.0m from 2Q 2023). Profit margin: 3.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
Valhi, Inc. Declares Quarterly Dividend, Payable on September 26, 2024 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on September 26, 2024 to stockholders of record at the close of business on September 6, 2024. Declared Dividend • May 27
First quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 10th June 2024 Payment date: 27th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 15x earnings). However, it is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1,589% to bring the payout ratio under control. However, EPS has declined by 68% over the last 5 years so the company would need to reverse this trend. Announcement • May 24
Valhi, Inc. Declares Quarterly Dividend, Payable on June 27, 2024 Valhi, Inc. has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on June 27, 2024 to stockholders of record at the close of business on June 10, 2024. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: US$0.27 (vs US$0.17 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.27 (up from US$0.17 loss in 1Q 2023). Revenue: US$542.8m (up 10% from 1Q 2023). Net income: US$7.80m (up US$12.7m from 1Q 2023). Profit margin: 1.4% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Apr 04
Valhi, Inc., Annual General Meeting, May 23, 2024 Valhi, Inc., Annual General Meeting, May 23, 2024, at 10:00 Central Daylight. Location: Three Lincoln Centre Conference Center, 5430 LBJ Freeway, Suite 350, Dallas,Texas 75240-2620 Dallas Texas United States Agenda: To consider and approve Director Nominees; Nonbinding advisory vote approving named executive officer compensation; to approve, on a nonbinding advisory basis, named executive officer compensation; to transact such other business as may properly come before the meeting or any adjournment or postponement thereof; and to discuss other matters. Reported Earnings • Mar 08
Full year 2023 earnings released: US$0.42 loss per share (vs US$3.17 profit in FY 2022) Full year 2023 results: US$0.42 loss per share (down from US$3.17 profit in FY 2022). Revenue: US$1.98b (down 11% from FY 2022). Net loss: US$12.1m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 04
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 8th March 2024 Payment date: 26th March 2024 Dividend yield will be 2.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 01
Valhi, Inc. Declares a Regular Quarterly Dividend, Payable on March 26, 2024 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on March 26, 2024 to stockholders of record at the close of business on March 11, 2024. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.08 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 21 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (5.0%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 07
Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.92 profit in 3Q 2022) Third quarter 2023 results: US$0.21 loss per share (down from US$0.92 profit in 3Q 2022). Revenue: US$476.4m (down 14% from 3Q 2022). Net loss: US$6.00m (down 123% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Announcement • Nov 04
Valhi, Inc. Announces Effective November 2, 2023, Elected Gina A. Norris to the Board of Directors Valhi, Inc. announced Effective November 2, 2023, the registrant’s board of directors elected Gina A. Norris to fill the vacancy on the registrant’s board of directors, to serve as a director until her successor is elected and qualified or her earlier resignation, removal or death. The board of directors also appointed Ms. Norris to serve on its audit committee. Ms. Norris, age 65, has been senior vice president, partner relations at Matthews Southwest, a private real estate development company, since 2013. She has served as a director of Encore Wire Corporation, a publicly traded manufacturer of wire products, since 2020 and serves on that board’s audit committee, sustainability committee (as chair), compensation committee, and nominating and corporate governance committee. Ms. Norris also serves as an independent director of Texas Security Bankshares, Inc., a privately held bank holding company, and as a director of the State Fair of Texas, a private nonprofit, where she was board chair from 2019 to 2022. From 2010 to 2012, Ms. Norris was president of Stratford Lending, an affiliate of Stratford Land, a private real estate investment fund based in Dallas, Texas. From 2000 to 2010, Ms. Norris served as managing director at Crow Holdings, a private investment company, where she was responsible for a portfolio of investments in real estate, industrial manufacturing and real estate-based operating businesses in the U.S. and Europe. Ms. Norris started her career in 1982, spending eighteen years in corporate banking at First Chicago and Bank One. She is also a CFA charterholder. She was also appointed on November 1, 2023 to the board of directors and audit committee of CompX International Inc., one of the registrant’s publicly traded subsidiaries. Announcement • Nov 03
Valhi, Inc. Declares Regular Quarterly Dividend, Payable on December 21, 2023 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on December 21, 2023 to stockholders of record at the close of business on December 1, 2023. Announcement • Nov 02
Valhi, Inc. Announces Resignation of Kevin B. Krame from the Board of Directors On October 25, 2023, Kevin B. Kramer resigned as a member of the board of directors of Valhi, Inc. . Mr. Kramer’s resignation did not result from any disagreement with the registrant and followed his appointment on October 25, 2023 as a director of Kronos Worldwide, Inc., one of the registrant’s publicly traded subsidiaries. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.08 per share at 2.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 21 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (2.1%). New Risk • Aug 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 134% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Aug 04
Second quarter 2023 earnings released: US$0.18 loss per share (vs US$0.98 profit in 2Q 2022) Second quarter 2023 results: US$0.18 loss per share (down from US$0.98 profit in 2Q 2022). Revenue: US$517.6m (down 20% from 2Q 2022). Net loss: US$5.10m (down 118% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Valhi, Inc. Announces Quarterly Cash Dividend, Payable on September 21, 2023 Valhi, Inc. announced that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on September 21, 2023 to stockholders of record at the close of business on September 1, 2023. Reported Earnings • May 06
First quarter 2023 earnings released: US$0.17 loss per share (vs US$1.59 profit in 1Q 2022) First quarter 2023 results: US$0.17 loss per share (down from US$1.59 profit in 1Q 2022). Revenue: US$505.8m (down 18% from 1Q 2022). Net loss: US$4.90m (down 111% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$17.58, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 49% over the past three years.